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In a challenging market environment, Whirlpool Corporation’s stock (NYSE:WHR) has touched a 52-week low, dipping to $83.7. According to InvestingPro data, the stock offers an impressive 8.13% dividend yield and has maintained dividend payments for 55 consecutive years. This price level reflects a significant downturn for the home appliance manufacturer, which has seen its shares struggle amidst a broader industry slowdown. The stock has declined 23.47% year-to-date, though InvestingPro analysis indicates analyst price targets suggest up to 27% upside potential. Investors and analysts are closely monitoring the company’s performance as it navigates through the headwinds of supply chain disruptions and changing consumer spending patterns. Get deeper insights with InvestingPro’s comprehensive research report, which includes detailed analysis of Whirlpool’s financial health and growth prospects.
In other recent news, Whirlpool Corporation reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $4.57, which exceeded the forecasted $4.27. Despite this positive earnings surprise, the company’s revenue for the quarter fell short at $4.14 billion compared to the expected $4.23 billion. This revenue miss contributed to a significant market reaction, though the company has announced plans for over 100 new product launches in 2025. S&P Global revised Whirlpool’s credit outlook to negative from stable, citing weaker-than-expected credit measures for the fiscal year 2024. The company aims to improve its leverage by reducing costs and divesting certain businesses, with a goal to improve its ratings-adjusted leverage to below 4.5x by the end of 2025. Whirlpool also announced $300 million in cost reductions for 2024 and plans an additional $200 million in savings for 2025. Analysts from S&P Global have noted the importance of these initiatives for maintaining an investment-grade rating, considering the company’s exposure to potential tariffs and a challenging North American market. The company’s financial strategies include debt reduction and a focus on new product offerings to drive future growth.
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